It has attached a multi-storeyed commercial complex, worth more than Rs 252 crore in connection with a money laundering investigation linked to an alleged bank fraud case against the Ambience Group.
The money laundering case stems from an FIR and chargesheets filed by the Jammu and Kashmir anti-corruption bureau that found that a company named Aman Hospitality Pvt. Ltd.
Director Gehlot was sanctioned a term loan facility of Rs 810 crore by a consortium of banks led by J&K Bank to part finance its hotel project in Shahdara, Delhi.
During the investigation, it was revealed that Gehlot had diverted loan funds and layered the same through a web of bank accounts belonging to his relatives and Ambience Group companies.
Apart from the diversion of funds, it was also found that Gehlot "diverted" materials to the other project sites of the Ambience Group, it said.
The agency earlier attached assets worth Rs 20.20 crore belonging to Raj Singh Gehlot, his family members and the Ambience Group companies.